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.-•oofcow.;--. •:?f^m> FEDERAL RESERVE t Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 19, 1971 The average of daily figures for total reserves of member banks increased $326 million in the latest statement week to $30,669 million. Required reserves, excess reserves and member bank borrowings at the Federal Reserve Banks all increased. Major factors providing reserves in the latest statement week were declines in Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital and a se asonal increase in float. These reserve increases were about offset by declines in both gold stock and other Federal Reserve assets and an increase in currency in c irculation. In addition, System Open Market operations absorbed $103 million in reserves net, on a weekly average basis, Member bank borrowings were well above the average levels of recent weeks and exceeded excess reserves by $891 million compared to $569 million for the previous week. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securitiesBought outright--System account Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements Acceptances Bought outright Held under repurchase agreements Discounts and advances-Member bank borrowings Other Float Other F. R. assets Total Reserve Bank credit Gold stock Special Drawing Rights certif. acct. Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: Averas:ea of' daily figures Week ended Chans e from week ended Wednesday, Aug, 18, Aug. 11, Aug. 19, August 18, 19 71 1971 1971 1 1970 L millions of dollars) (IB 65,956 + 101 - 10 47 ~ 1,180 _ - 84 157 +6,486 - 351 1/65,942 18 40 68 10 29 52" 2 10 + 587 + 205 - 213 + 475 - 114 + 499 25 + 76 - 255 +6,370 -1,235 —' -- 4 + 451 +5,586 — — 2,743 1,044 71,081 10,1,32 . 400 7,457 89,070 + 365 59,112 + 473 1,038 - 176 730 + + -2*190 63,719 - 25,350 5,319 30,669 30,380 + 289 '+ - + - + + + 98 2 119 7 4 216 228 592 266 326 61 265 250 — 1,123 — 2,691 749 70,875 10,132 * 400 7,457 88,864 +4,195 + 31 - 131 59,133 3 166 719 478 1,184 - 191 + 15 +-3,915 2,217 63,897 +-1,669 + 485 +2,154 +1,957 + 197 24,966 5,319 30,285 30,380 95 A net of $79 million of surplus reserves were eligible to be carried forward from the week ended August 11, into the week ending August 18. On August 18, 1971, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $19,723 million, an increase of $1,053 million for the week. 1/ Includes $48 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Batiks. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dolla ra) Wednesday Aug. 18, 1971 ASSETS 9,875 Gold certificate account 400 Special Drawing Rights certif. accts. s * (786) 274 Cash Discounts and advances 1,123 Acceptances: Bought outright 52 Held under repurchase agreements Federal Agency obligations— 68 Held under repurchase agreements U. S. Government securities : Bought outright-Bills 28,244 Certificates Notes 34,513 Bonds 3.185 Total bought outright 1/ 65,942 Held under repurchase agreements 250 Total U. S. Government securities 66,192 Total loans and securities 67,435 Cash items in process of collection (3,262) 11,060 Bank premises 146 Other assets 2/ 603 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (4,048) 89,793 L I £. * Ik II 1*1 (786) Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer*--general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Change» since Aug. 19, Aug. 11, 1970 1971 -1,170 + + 5 550 + + 65 276 + 5 + - 15 30 t- 68 + 47 69 +4,043 +1,913 + 478 + + 159 50 40 135 + 175 587 +6 ,434 6 + +6 ,440 +6 ,748 + 968 + 24 482 +rrug? +6,153 52,172 112 +3,911 24,966 1,184 + 922 - 108 + 3 21 + 796 + 603 7 + +1 ,294 +1,433 + 143 166 719 (3,262) 27,035 8,369 (4,048) 88,168 592 £ £ 1 I 1 A h ACCOUNTS Capital paid in*" Surplus Other capital accounts Contingent liability on acceptances purchased for foreign correspondents +. 798 + 866 — _ 1 6 - 158 +1,412 + 806 36 +6,093 731 702 192 - 211 16 246 + 1 9 — * 1/ + + Figures in parentheses are the eliminations made in the consolidating process, Includes $48 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies and IMF gold deposited. y Includes IMF gold deposit. 3/ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 18, 1971 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and advances 1,121 Within 15 days 16 days to 90 days 91 days to 1 year •8 Over 1 year to 5 years Over 5 years to 10 years sars Over 10 years Total 2 — — 1,123 Acceptances 14 38 — — — — 52 Federal Agency obligations HoldingsWeekly changes 4,663 + 147 16,916 +3,349 15,163 -2,371 23,240 - 360 - 530 5,377 901 + 8 66,260 + 243 43 33 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia Cleve- Richmond land AUGUST 18, 1971 Atlanta Chicago St. Louis Minneapolis Kansas City Dallas. San Francisco (In millions of dollars) A S S E T S i Gold certificate account Special Drawing Rights certif. acct. F. R. notes of other banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Totgl loans and securities Cash items in process of collection Bank premises Other assets 2j TOTAL ASSETS 1/ 2/ 9,875 400 214 23 1,863 93 493 23 821 33 1,093 36 583 22 1,449 70 297 15 159 7 327 15 559 14 2,017 49 786 274 102 8 142 23 52 9 55 25 74 35 154 34 30 40 17 16 27 7 36 26 21 16 76 35 1,123 149 207 -- 51 48 67 449 1 6 5 4 136 52 --- --- --- --- --- --- --- --- --- 1.,259 2(,771 -- -- -- — -- 68 -- 68 — 128,244 1,411 7,283 52 1 ! -- -- --- • -- — — 1,496 — 8,900 1,828 34,513 1,724 169 821 159 ' 3,185 3,493 L7,004 3,294 i 65,942 ±J -— 250 250 ' 66,192 3,294 1L7,254 3,493 67,435 3,443 1L7,581 3,493 14,322 146 603 \ 877 2 40 93,841 4,709 2,194 -- 2,680 247 5,121 2,039 — 2,491 230 4,760 1,407 4,652 -- -- 1,720 159 3,286 5,685 525 10,862 1,042 — 1,273 117 2,432 577 1,113 — — 705 65 1,347 1,360 126 2,599 1 ,538 142 2,939 -- 4,609 425 8,805 -- -- -- -- -- -- -- -- -- 5,121 5,172 4,760 4,808 3,286 3,353 10,862 11,311 2,432 2,433 1,347 1,353 2,599 2,604 1!,939 :!,943 8,805 8,941 779 3 27 1,069 20 29 1,165 13 30 1,452 16 19 2,401 17 59 749 14 14 575 18 9 880 18 24 906 9 30 1,265 8 72 22,164 4,879 7,224 7,254 5,633 15,377 3,555 2,155 3,930 4,498 12,463 2,204 8 250 Includes $48 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies and IMF gold deposited. — H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 18, 1981 i Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrtled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on act:eptances purchased for foreiLgn correspondents Boston 52,958 24,966 1,184 166 719 27,035 11,631 592 92,216 2,908 New York Rich- Atlanta Chicago Phila- Clevemond delphia land (In millions of dollars) St. Louis Minneapolis Kansas City San Dallas Francisco 12,749 3,055 .4,323 4,667 2,575 9,267 2,029 905 1,988 2,086 6,406 862 6,229 63 264 7 1/ 55 1 2/ 663 7,211 933 1,621 763 1,035 57 8 2 1,102 608 1,709 66 14 1 1,790 920 1,302 165 8 11 1,486 972 1,608 101 10 3 1,722 1,201 3,601 117 23 3 3,744 2,026 784 50 5 3 842 608 651 58 3 3 715 486 1,053 72 6 3 1,134 716 1,551 52 8 3 1,614 683 4,581 119 19 23 4,742 1,027 30 4,634 158 21,739 29 4,794 45 7,078 41 7,166 29 5,527 95 15,132 21 3,500 13 2,119 24 3,862 26 4,409 81 12,256 33 33 9 191 185 49 38 36 11 66 63 17 38 36 14 50 47 9 109 105 31 25 24 6 17 16 3 31 30 7 41 39 9 92 88 27 4,709 22,164 4,879 7,224 7,254 5,633 15,377 3,555 2.155 3.930 4.498 12.463 246 j , 11 3/ 65 —• 37 8 10 14 31 731 ! 702 192 93,841 13_ 22 13_ 1<L 6J FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,071 13,280 3,129 4,499 4,808 200 500 300 500 530 2,920 13,000 3,000 4,100 4,375 -3,120 13,500 3,300 4,600 4,905 1/ After deducting $ 111 million participations of other Federal Reserve Bahks. 2/ Includes IMF gold deposit. 3/ After deducting $ 181 million participations of other Federal Reserve Banks. 2,745 9,539 2,119 1,000 155 2.900 8.750 2.030 960 2.125 2.280 7.000 2,900 9,750 2,185 960 2,125 2,285 7,000 * 933 2,076 2,229 6,756 5 Less than $500,000.
@FedFRASER